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Subway on the Verge of $9.6 Billion Sale to Arby's Owner

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Source: Fox Business
Subway on the Verge of $9.6 Billion Sale to Arby's Owner
Photo: Fox Business
TL;DR

Sandwich chain Subway is reportedly close to finalizing a deal to sell to Roark Capital, the parent company of Arby's, for around $9.6 billion. Roark has pulled ahead of rival suitors TDR and Sycamore in the bidding war. Subway, which has more than 37,000 restaurants worldwide, announced in February that it would be pursuing a sale as part of its efforts to revamp its operations and address declining profits. JPMorgan Chase & Co. is Subway's financial adviser in the sale process.

Topics:business#acquisition#arbys#business#private-equity#roark-capital#subway
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  1. Subway nearing sale to same company that owns Arby's: report  Fox Business
  2. Subway nears $9.6 bln sale to Arby's owner Roark - WSJ  Reuters
  3. Report: CT-based Subway could soon be sold  CTPost
  4. Report: Subway Nears $9.6 Billion Sale  QSR magazine

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